Negative funding rates indicate dominance of bearish positions in the perpetual futures market. Source: https://www.coindesk.com/markets/2023/05/04/funding-rates-in-the-500m-market-cap-pepe-token-remain-negative/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Prominent projects are porting over to the Solana network and developer activity remains strong, Anatoly Yakovenko said in a CoinDesk TV interview. Source: https://www.coindesk.com/tech/2023/05/04/solana-founder-brushes-off-ftx-woes-remains-confident-in-crowded-blockchain-landscape/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin’s outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said. Source: https://www.coindesk.com/markets/2023/05/04/bitcoins-dominance-rate-has-surged-amid-us-banking-crisis/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said. Source: https://www.coindesk.com/markets/2023/05/04/bitcoin-could-rally-20-to-around-36k-matrixport/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow. Source: https://www.coindesk.com/business/2023/05/04/coinbase-to-stop-issuing-new-loans-via-coinbase-borrow/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

PLUS: The Madlads hype appears to be over, although it hasn’t dragged down the price of Solana. Cryptos return to positive territory. Source: https://www.coindesk.com/markets/2023/05/03/first-mover-asia-bitcoin-recovers-from-fed-dip/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal …

Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday. Source: https://www.coindesk.com/policy/2023/05/03/ftx-seeks-to-claw-back-nearly-4b-in-ongoing-bankruptcy-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according …

Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign …